Baroda BNP Paribas Gold ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Baroda BNP Paribas Gold ETF FoF Direct Growth Plan currently has a NAV of ₹15.0671 as of 16 Sep 2026 and scheme AUM of ₹192 Cr. Its 1-year, 3-year and 5-year returns are 34.39%, 0% and 0%, respectively, and the fund is tagged as High Risk.

Our view is that this is a concentrated gold-oriented fund-of-funds with a strong recent 1-year showing, but a short operating history means the longer trailing figures do not yet give a full compounding record. The structure and risk label make it more suitable for investors who can accept sharp swings and want gold allocation through a fund route rather than a broad equity style product.

Quick facts

Particular	Details
NAV	₹15.0671 as of 16 Sep 2026
AUM	₹192 Cr
Expense Ratio	0.15%
Launch Date	20 Aug 2025
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty 50
Exit Load	1% on or before 15D, Nil after 15D
Fund Managers	Vikram Pamnani, Ayan Nandy, Swapna Shelar, Stuti Singhee

The fund is managed by Vikram Pamnani, Ayan Nandy, Swapna Shelar and Stuti Singhee.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.92%	-4.41%
3M	1.29%	-3.6%
1Y	34.39%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The 1-month return was slightly negative, but it still held up better than the benchmark over the same period. The 3-month number is more encouraging, and it stayed ahead of the benchmark by a wider margin, which suggests the fund has recently been stronger than the index backdrop it is being compared against.

The 1-year return is the clearest part of the record so far. At 34.39%, it is well ahead of the benchmark’s -7.76%, which points to a materially different path over the past year. That gap matters because it shows the fund has not just preserved capital relative to the benchmark; it has outpaced it by a wide margin.

At the same time, the longer view is limited because the fund only launched in August 2025. The 1-year pattern shows a sharp rise, some give-back, and then a recovery into late August and September 2026. That shape supports a view of meaningful near-term momentum, but it does not yet establish a multi-year compounding profile.

For investors, the key takeaway is that the recent run has been strong, but the fund’s history is still short. We would read the return pattern as one that can suit gold allocation needs, while the benchmark comparison highlights that the recent period has been materially better than the broad equity benchmark used here.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Baroda BNP Paribas Gold ETF FoF?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan	34.39%	0%	0%
HDFC Innovation Fund Direct Growth Plan	14.3%	Data not available	Data not available
Bajaj Finserv Small Cap Fund Direct Growth Plan	13.33%	Data not available	Data not available
Quant Equity Savings Fund Direct Growth Plan	8.75%	Data not available	Data not available
Kotak Active Momentum Fund Direct Growth Plan	6.31%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is materially stronger than the peer figures listed here, which keeps it well ahead on the recent number that is available across the table. On the longer horizon, the comparison is less useful because the peer entries shown here do not provide usable 3-year or 5-year figures for the other funds, while this fund itself does not yet have those longer trailing records.

That means the peer picture is split between a very strong recent figure and limited long-term comparability. For an investor, the short-term comparison supports the view that the fund has recently performed more strongly than the listed alternatives, but the absence of longer peer history on this screen prevents a cleaner judgment about durability.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Baroda BNP Paribas Gold Etf-Rg	Domestic Mutual Funds Units – Gold	99.75%

The portfolio is almost entirely represented by one holding, Baroda BNP Paribas Gold Etf-Rg, at 99.75%. That makes the fund highly dependent on the movement of the underlying gold ETF, so the single position is likely to have the greatest influence on day-to-day outcomes.

Because only one disclosed holding is visible here, there is no weight fall-off across multiple names to analyse. The structure is therefore not diversified across a basket of securities; instead, it is concentrated in a single underlying gold exposure, which may help keep the fund aligned closely with its mandate.

With only one disclosed holding, the visible portfolio is fully concentrated and leaves little room for offsetting positions. That concentration can be useful for investors who want a straightforward gold allocation, but it also means the fund’s behaviour may track the underlying gold ETF very closely.

Source data date: as of 16 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with High Risk and who can hold through sharp moves in value. Its recent 1-year performance has been strong, but the record is still short, so the main trade-off is between a powerful recent run and limited long-term history.

We see it as more appropriate for a medium- to long-term allocation where gold exposure is part of the portfolio mix, rather than as a short-term return chase. The narrow portfolio design also means investors should be comfortable with a concentrated gold-linked outcome and with the fact that it is being compared here against a broad equity benchmark rather than a like-for-like gold market reference.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 1% if units are sold on or before 15 days; nil after 15 days.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Baroda BNP Paribas Gold ETF FoF Direct Growth Plan?

The current NAV is ₹15.0671 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 34.39%, while the 3-year and 5-year returns are Data not available because the fund’s trailing record is still too short for those periods.

How has the fund performed against the benchmark?

It has done better than the benchmark across the available periods. The clearest gap is at 1 year, where the fund is at 34.39% versus the benchmark’s -7.76%.

How does it compare with the peer funds listed here?

Its 1-year return of 34.39% is higher than the other peer figures shown here. The longer-period comparison is limited because the other listed funds do not show usable 3-year or 5-year figures on this page.

What is the minimum SIP amount?

The minimum SIP amount is ₹250.

What is the risk profile and portfolio style of this fund?

The fund is marked High Risk and its visible portfolio is almost fully concentrated in one gold ETF holding at 99.75%. That makes it a straightforward gold-linked fund-of-funds structure.

Bottom line

This fund’s recent return profile is much stronger than its benchmark and also ahead of the peer figures shown here, but the record is still short because it launched in August 2025. The visible portfolio is extremely concentrated in one gold ETF holding, so the fund is likely to move closely with that underlying exposure. It is best viewed as a High Risk gold allocation for investors who are comfortable with concentration and want a direct-style gold link through a fund structure.

Published on 17 September 2026 at 11:01 AM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.